The Conference Board announced Monday that its employment trends index edged up to 97.0 in July from 96.7 in June, and was 9.8% higher than a year ago.

“The growth rate of the employment trends index slowed sharply in the past three months, suggesting that employment growth will remain too weak to keep up with the increase in the working age population,” said Gad Levanon, associate director for macroeconomic research at the Conference Board.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.